Q1 2018 Market Report for Single Family Detached Homes Carlsbad 92010

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Real Estate Agent with Solutions Real Estate CalBRE License #01490977

Market Report for Single Family Detached Homes Carlsbad 92010 - Q1 2018

 

The 1st quarter of 2018 has been a busy year in the real estate market in the Carlsbad 92010 area, but with some shifts from the same period in 2017. In this report we take a look at what happened with single family detached homes sales in the Carlsbad 92010 area for the 1st quarter of 2018, and current and pending listings.

 

home in Carlsbad 92010

 

The 92010 area of Carlsbad includes Calavera Hills (TOP photo is of Mount Calavera), Tamarack Point, The Summit, The Foothills at Carlsbad, Carlsbad Heights, Spinnaker Point, the new planned communities of Robertson Ranch (2 of the 4 neighborhoods are gated communities) and The Preserve, and other neighborhoods to the west but east of El Camino Real, with a mix of attached (condos, town homes, twin homes) and detached single family homes.

 

SINGLE FAMILY DETACHED HOME SALES

  • 35 single family detached homes sold in 92010 in Q1 of 2018 (13% more than in 2017)
  • Average sales price was $893,930 – up 11% from Q1 2017 average prices
  • Sales prices ranged from $575,000 to $1,550,000
  • Median price was $850,000, up 10% over the Q1 2017 median sales price.

 

Carlsbad home with poolSingle family detached homes sold quickly in Q1 2018, with an average time on the market of 23 days, versus 29 days for 2017.

 

Homes sold for 100% of asking price on average, with 57% of the properties selling at list price or above. 17% of the home sales were cash transactions.

 

New construction sales in the Robertson Ranch community influenced average prices for detached homes in 92010. Of the homes sold in Q1 of 2018, 6 (17%) were new builds, all of which sold for over $1 million. The average price of resale homes, excluding these new homes, was $815,241.

 

CURRENT MARKET AS OF APRIL 14, 2018

As of this writing there are 24 single family detached homes for sale in 92010, ranging in price from $699,000 to $1,799,995 (average price of $1,142,547). Eleven of these homes are new builds, priced at over $1,000,000, and are for sale in the new Robertson Ranch community; overall homes have been on the market for an average of an average of 54 days.

 

 

There are 22 homes that are pending (on the market for an average of 34 days); 7 of these are brand new homes in Robertson Ranch, including an amazing model home with about 5000 SF, fully furnished and landscaped, and priced at $2,599,995.

 

Based on the rate of sales in Q1 and current listings we have about 2 months of inventory of single family detached homes, a market that favors sellers.

 

If you would like more detailed information about the local real estate market conditions in the 92010 area, including attached condos and town homes, and are interested in exploring the housing options in your budget, please contact me at (760) 840-1360 for a personal consultation.

 

I am happy to set up a customized search for you based on your criteria, as well as to let you know when a property that fits your criteria will be coming on the market in Carlsbad.

 

Search for Carlsbad Homes for Sale in 92010

Search for All Carlsbad Homes for Sale

 

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California San Diego County Carlsbad
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Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900
Get Results Team...Just Call (408) 252-8900! - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Jeff, thank you for the market update on Carlsbad real estate.

Apr 14, 2018 05:54 PM #1
Rainmaker
3,957,574
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Apr 15, 2018 03:09 AM #2
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good market update Jeff -  Apparently there is enough inventory to sustain increased sales.

Apr 15, 2018 05:59 AM #3
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Jeff. The California market is so different from ours, but that is nothing new. It was the same way back in the 70's! Thanks for the detailed update. Enjoy your day.

Apr 15, 2018 06:06 AM #4
Rainmaker
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Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Wow, busy market in Carlsbad so far this year Jeff Dowler, CRS - Spanish style homes were always my favorite in south Orange county and North San Diego county. You are the one who knows Carlsbad and clients are lucky to have you help them. 

Apr 15, 2018 07:55 AM #5
Rainmaker
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Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

At these price increases, I'll never be able to afford California! Homes in your area are so beautiful. And I can't think of a better location. 

Wishing you great prosperity for spring and summer sales. 

Apr 15, 2018 11:33 PM #6
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The Southern California Relocation Dude - Carlsbad
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